HighTower Advisors LLC lessened its holdings in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 29.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,655,008 shares of the real estate investment trust’s stock after selling 687,313 shares during the quarter. HighTower Advisors LLC’s holdings in Starwood Property Trust were worth $29,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in STWD. AQR Capital Management LLC grew its position in Starwood Property Trust by 70.1% during the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 15,001 shares during the period. NewEdge Advisors LLC raised its position in Starwood Property Trust by 23.9% in the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 3,784 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Starwood Property Trust by 99.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 3,721 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Starwood Property Trust by 42.7% in the second quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Starwood Property Trust by 3.3% in the second quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 3,577 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.
Starwood Property Trust Price Performance
Shares of NYSE:STWD opened at $17.31 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The firm has a market capitalization of $6.42 billion, a PE ratio of 18.03, a P/E/G ratio of 2.26 and a beta of 1.02. Starwood Property Trust, Inc. has a twelve month low of $16.81 and a twelve month high of $21.05. The company has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $17.98.
Starwood Property Trust announced that its board has initiated a share repurchase plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 6.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Starwood Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date was Tuesday, March 31st. Starwood Property Trust’s payout ratio is currently 200.00%.
Insider Transactions at Starwood Property Trust
In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total transaction of $120,132.69. Following the sale, the director owned 168,152 shares of the company’s stock, valued at $2,880,443.76. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.80% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on STWD shares. Bank of America reissued a “neutral” rating and set a $19.00 target price on shares of Starwood Property Trust in a research report on Friday, March 6th. Keefe, Bruyette & Woods dropped their price objective on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company decreased their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.70.
Check Out Our Latest Report on Starwood Property Trust
Starwood Property Trust Company Profile
Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.
Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.
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